Kennedy-Wilson (NYSE:KW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company.
Get Our Latest Stock Analysis on KW
Kennedy-Wilson Price Performance
KW stock traded up $0.07 on Friday, reaching $6.63. 1,017,707 shares of the company's stock were exchanged, compared to its average volume of 718,367. The stock has a fifty day moving average of $6.62 and a 200-day moving average of $8.58. Kennedy-Wilson has a twelve month low of $5.98 and a twelve month high of $11.88. The firm has a market cap of $916.19 million, a PE ratio of -2.57, a P/E/G ratio of 0.54 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.
Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. The company had revenue of $128.30 million during the quarter, compared to analysts' expectations of $227.14 million. As a group, equities analysts predict that Kennedy-Wilson will post 2.87 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO William J. Mcmorrow bought 200,000 shares of Kennedy-Wilson stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the acquisition, the chief executive officer now owns 8,049,517 shares in the company, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.30% of the company's stock.
Institutional Trading of Kennedy-Wilson
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in Kennedy-Wilson by 26.6% in the 4th quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider's stock valued at $1,500,000 after buying an additional 31,580 shares during the period. Smartleaf Asset Management LLC grew its holdings in Kennedy-Wilson by 181.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after buying an additional 3,755 shares during the period. XTX Topco Ltd purchased a new stake in Kennedy-Wilson in the 4th quarter valued at about $151,000. Barclays PLC grew its holdings in Kennedy-Wilson by 265.2% in the 3rd quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock valued at $2,130,000 after buying an additional 140,039 shares during the period. Finally, abrdn plc grew its holdings in Kennedy-Wilson by 89.5% in the 4th quarter. abrdn plc now owns 43,013 shares of the financial services provider's stock valued at $430,000 after buying an additional 20,314 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.
About Kennedy-Wilson
(
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Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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